Online Live Sports Betting_ A Primer For Rookie Punters
With technology's help, online live sports betting has transformed into a large-scale industry.
It is no surprise that it has experienced unprecedented growth. Sports enthusiasts, hardcore sports followers or ultras as others call them, will do everything to show support to their favorite players or athletes. Engaging into online live sports betting can be fairly considered as one of their most efficient ways in expressing their seemingly unconditional support.
Online live betting on sports is a lucrative and profitable activity that many people do not need to connect with. https://markcollie.net/gathering-information-on-online-gambling/ From being a fan to a determined punter, there are bettors who have already made sports betting as their bread and butter.
Types of bet
There are many types of betting. Each of them is characterized on how they determine the possible outcome of a game or match.
Money lines
This is the simplest type of bet. It is often described as a straight-forward wager since you only need to determine the winner or loser of the match. Money lines do not consider point spreads.
Point Spread and Asian handicap
Point spread and Asian handicaps are not just concerned with the game's winner or loser. This strategy aims to increase excitement by giving all the teams equal chances of winning.
Each team gets a certain number of points in a point spread. The favorite gets a deduction, whilst the underdog gets a head start. For example, in a basketball game where Team A is the favorite and Team B is the underdog, Team A gets a -5 whilst Team B gets a +5.
Once the game is over, the above-mentioned points will be deducted and added from the total score. Let's say the final score is 40-37. You bet on Team 1.
To determine if you have a winning bet, you need to subtract 5 from 40. This will give you 35. As for the underdog, you must add 5 to 37, which gives the latter 42.
In this example, it is clear that in point spread betting, Team B is the winner. You lose if you bet on Team A.
Point spread betting is very popular in the US market and is commonly used in games such as basketball.
Asian handicap works exactly as that of point spread betting. This is used mainly in football, or (soccer), as some call it.
Proposition bets or prop bets
Proposition bets refers to an event that could occur in a game. This event's occurrence or absence may not affect the game's outcome.
One of the most popular prop bets in the World Cup is whether Luis Suarez, Uruguay's striker, will bite one or all of the players. Luckily for the bettor, Suarez, indeed, bit Giorgio Chiellini.
Parlays
Also called as the combo bet, this is all about placing a single bet that links 2 or more individual wagers. These bets can be interconnected.
If you bet on a parlay where you were predicting Bayern to win, Wolfsburg and Borussia Dortmund to draw, then you'll lose your bet.
How to profit from sports betting
Even though sports betting may seem like an easy task, it is not. You still need a strategy to maximize your chances of winning. Here are some tips to help you make money from live online sports betting.
Take on the underdog
Although it is risky to bet on the underdog, the returns are high once you do.
Shop for lines
Always look for the lucrative lines. Don't stick to one sportsbookie. Why stick to one if you can always get a better offer?
With all the opportunities, which online live sports betting brings to punters, it is only fitting for you to take advantage of it.